Indigo-Energy, Inc. Appoints Steven Durdin As New CEO
HENDERSON, Nev.--(BUSINESS WIRE)--Indigo-Energy, Inc. (OTCBB:IDGG 10/18/2007 11:45:37 AM Indigo-Energy, Inc. (IDGG.OB) revealed that it has named Steven Durdin as its Chief Executive Officer and President. The company's shareholders have approved the appointment.
Durdin has been an active investor and shareholder with the corporation. He has helped the company to raise funds for its operations. His business background comprises of owning and operating property and casualty insurance franchises, business consulting and real estate development.
Additionally, Indigo-Energy's shareholders have elected Stan Teeple, Frank Garufi, Jim Walter, Stacey Yonkus and John Hurley to serve a new one-year term on its Board of Directors. The shareholders have authorized company's Independent Auditors, Soldinger and Associates, while ratifying the 2007 Stock Option Plan.
About Indigo-Energy Inc.:
Indigo-Energy, Inc. is an independent Nevada based energy company, engaged in the drilling, development, production and acquisition of certain oil and gas prospects located in the Upper Devonian sand formations in Kentucky, Pennsylvania, and West Virginia. This involves drilling of developmental oil and gas wells at the different program sites. It also includes the purchase of producing oil and gas wells and existing oil and gas leasehold interests..
Safe Harbor: Statements contained in this press release that are not based upon current or historical fact are forward looking in nature. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ materially from estimated results. Management cautions that all statements as to future results of operations are necessarily subject to risks, uncertainties, and events that may be beyond the control of Indigo-Energy, Inc. and no assurance can be given that such results will be achieved. Potential risks and uncertainties include but are not limited to the ability to successfully complete drill projects, adapt to changes in technology, and energy competition.
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CONTACT:
Indigo-Energy, Inc., Henderson
www.indigo-energy.com
Investor Relations:
Bob Deakin, 1-866-THE APPL(E)
